Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2020

Long-Term Debt [Abstract]

Long-Term Debt

The following table presents the Company’s long-term debt as of September 30, 2020 and December 31, 2019:

	September 30,		December 31,
	2020		2019
Revolver under Credit Agreement, bearing interest ranging from 1.35% to 1.68% (a)	$	178,749	$	916,247
Term loan under Credit Agreement, bearing interest at 1.35% (a)		650,000		700,000
4.64% Senior Notes due 2021 (b)		100,000		100,000
2.39% Senior Notes due 2021 (c)		150,000		150,000
3.09% Senior Notes due 2022		125,000		125,000
2.75% Senior Notes due 2023		200,000		200,000
3.24% Senior Notes due 2024		150,000		150,000
3.41% Senior Notes due 2025		375,000		375,000
3.03% Senior Notes due 2026		400,000		400,000
3.49% Senior Notes due 2027		250,000		250,000
4.25% Senior Notes due 2028		500,000		500,000
3.50% Senior Notes due 2029		500,000		500,000
2.60% Senior Notes due 2030		600,000		—
3.05% Senior Notes due 2050		500,000		—
Notes payable to sellers and other third parties, bearing interest ranging from 2.42% to 10.35%, principal and interest payments due periodically with due dates ranging from 2021 to 2036 (a)		43,160		9,638
		4,721,909		4,375,885
Less – current portion		(6,772)		(465)
Less – unamortized debt discount and issuance costs		(34,918)		(21,638)
	$	4,680,219	$	4,353,782

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(a) Interest rates represent the interest rates incurred at September 30, 2020.

(b) The Company has recorded the 4.64% Senior Notes due 2021 (the “2021 Senior Notes”) in long-term in the table above as the Company has the intent and ability to redeem the 2021 Senior Notes on April 1, 2021 using borrowings under the Credit Agreement.

(c) The Company has recorded the 2.39% Senior Notes due 2021 (the “New 2021 Senior Notes”) in long-term in the table above as the Company has the intent and ability to redeem the New 2021 Senior Notes on June 1, 2021 using borrowings under the Credit Agreement.

Details of the Company's Credit Agreement

Details of the Credit Agreement are as follows:

	September 30,			December 31,
	2020			2019
Revolver under Credit Agreement
Available	$	1,257,856		$	538,642
Letters of credit outstanding	$	125,895		$	107,611
Total amount drawn, as follows:	$	178,749		$	916,247
Amount drawn - U.S. LIBOR rate loan	$	175,000		$	897,000
Interest rate applicable - U.S. LIBOR rate loan		1.35	%		2.90	%
Amount drawn – Canadian bankers’ acceptance	$	3,749		$	19,247
Interest rate applicable – Canadian bankers’ acceptance		1.68	%		3.18	%
Commitment – rate applicable		0.15	%		0.12	%
Term loan under Credit Agreement
Amount drawn – U.S. based LIBOR loan	$	650,000		$	700,000
Interest rate applicable – U.S. based LIBOR loan		1.35	%		2.90	%